An Analysis on the Causes and the Spatial Differences of Financial Intermediation's Growth in China

Financial intermediation plays an important role in the modern economy. To better promote the development of financial intermediation, it's meaningful to analyze the causes that have positive effects on finance and study the spatial differences of financial intermediation's growth in China. Based on the time-series data related to economy and finance from 1991-2011, this paper uses the stepwise regression method to eliminate the multicollinearity, and draw the conclusion that the value-added of the tertiary industry and per capita annual disposable income of urban households are promoting the development of financial intermediation. Besides, this paper makes use of cluster analysis to classify the financial intermediation's development of 31 provincial administrative regions in China. The government should speed up the development of financial intermediation and further improve its service function on the real economy, elevate the financial security to the national strategic level and accelerate the internationalization of finance.

並列關鍵字

Financial intermediation ； Causes ； Cluster analysis ； Spatial differences

國際替代計量

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